Bezeq CEO departs; issues profits warning

Israeli telco Bezeq has seen its CEO depart as the parent company issued a profits warning.

Stella Handler has been running Bezeq, which includes the company’s YES TV pay-TV division, since April 2013 and will leave the company on July 1st.

But as is often the case in Israeli politics, it may not be the profits warning that has prompted her departure. Handler was arrested in February as part of a widespread Israeli criminal investigation into alleged influence by some people close to Prime Minister Netanyahu. She was released from house arrest on February 28th with Bezeq appointing an acting CEO in the interim.

Bezeq’s majority shareholder Shaul Elovitch – who also holds a stake in Spacecom, the operator of the commercial AMOS fleet of satellites – is also reported to be under investigation over alleged ties to the prime minister.